Crypto lender Babel Finance halts withdrawals due to liquidity pressures

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Another day, another crypto lending firm making news for the wrong reason. Babel Finance becomes the latest after announcing a temporary suspension of redemptions and withdrawals from its products due to “unusual liquidity pressures.'

Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn.Friday a temporary suspension of redemptions and withdrawals from its products, citing “unusual liquidity pressures.”

The firm said that it’s in close communication with “all related parties” on the matter and is doing its best to best protect its customers.

 

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not your keys, not your coin ;)

Just wait until Bitcoin and Ethereum drop lower

With the continuous crash in prices of cryptos, I decided to get into binary options, I've made over 500% profit in less than an 2 weeks.

Looks like in-chain reaction is happening

RichardHeartWin

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Regardless WAGMI✍️

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